Qualified Retirement Plans | A Strategy That Makes Both Dollars and Sense 

Qualified plans offer a multitude of benefits to business owners, one of the most significant being tax-deductible contributions. If your business owner clients are tax-motivated, they should be informed of some additional, lesser-known tax savings opportunities available when implementing qualified plans.

With the passing of Secure Act 2.0 in 2022, several tax credits were created to incentivize small business owners to establish employee retirement plans. Business owners who establish a new retirement plan may be able to claim a credit of up to $5,000 for the first three years and up to $1,000 per employee for employer contributions made into the plan.

Business owners may also take advantage of the Qualified Business Income (QBI) deduction provided through Section 199A of the IRS code which provides the owners of pass-through business entities with the opportunity to take a deduction as high as 20%! To be eligible for this deduction a business owners’ income must fall within a certain range. Funding a qualified plan will help a business owner take full advantage of this deduction. But this 199A deduction is set to sunset starting in 2026 so it’s to important to act fast.

For more on this topic –

Register for this upcoming webinar presentation on Qualified Plans hosted by our Advanced Sales Team.

Qualified Plans: A Strategy That Makes Both Dollars and Sense

Presented by Advanced Sales
Tuesday, February 25
1:00 p.m. ET, 12:00 p.m. CT

Register Now